Charging Our World, Fuelling the Future

FORWARD LOOKING STATEMENTS

This Presentation includes and is based on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Factors that might cause or contribute to such differences include, but are not limited to, economic conditions globally, the impact of competition, political and economic developments in the countries in which the Company operates, regulatory developments in Nevada and internationally and changes in lithium prices and in the margins for the Company’s products. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", variations of such words, and similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for theCompany’s businesses, lithium prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time. Although the Company believes that its expectations and the information in this Presentation were based upon reasonable assumptions at thetime when they were made, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in this Presentation. The Company is not making any representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the information in the Presentation, and neither the Company nor any of its directors, officers or employees will have any liability to the reader or any other persons resulting from the reader's use of the information in the Presentation. The Company undertakes no obligation to publicly update or revise any forward-looking information or statements in the Presentation. The reader should consult any further disclosures the Company may make in documents it files with the applicable securities regulators.

The Presentation is intended for educational and informational purposes only and does not replace independent professional judgment. Statements of fact and opinions expressed are those of the participants individually. The information is not designed to provide financial, tax planning, accounting, investment, business or legal advice, in any way whatsoever. The reader should consult with a lawyer, accountant and other professionals in respect of contents hereof. Furthermore, the information in no way should be construed or interpreted as, or as a part of, an offering or solicitation of securities. Investors are advised to discuss any trading with a registered securities broker or personal finance professional prior to investing.

The technical information contained in this presentation has been reviewed and approved by William Randall, P.Geo, who is a Qualified Person as defined under NI 43-101. As Vice-President Project Development of the Company, Mr. Randall is not considered independent.

2/21

3/21

LiTHIUM X

Mission: Build a world class management team and acquire best in class assets, giving investors exposure to a pure play lithium company with multiple assets across diverse jurisdictions

LithiumXacquiresCVLclaimsresultinginlargest landpositioninClaytonValley

LithiumXraises$3.2mwithfollowonfinancing

LithiumXraises$1.85mwithinitialfinancing

PaulMatysekjoinsLithiumXasExecutiveChairmanandlargest initialfinancingparticipant

BrianPaes-BragaandFrankGiustraenter lithiumspaceannouncingLOI

LithiumXacquiresSaldeLosAngelesprojectinSaltaProvince,Argentina

4/21

WHY INVEST?

1. TIMING 2. TEAM 3. ASSETS

The energy storage revolution is generating high demand for lithium, with some analysts forecasting order-of-magnitude demand increases.

Battery giants are scaling up lithium-ion production with mega factories and actively acquiring raw materials through long-term offtake agreements.

Companies already producing lithium are attempting to increase production. However, the majority of current production (both brine and hard—rock operations) are capacity constrained with geopolitical risk affecting some of the world's major production areas.

The LITHIUM X team has created several multi-billion dollar companies from scratch and has access to a global network of business, government and philanthropic leaders.

The team are major shareholders in LiTHIUM X and are focused on maintaining a sound share structure and financing the company in ways that benefit existing and future shareholders.

The technical and project personnel are leading experts, having lead exploration and development projects in Nevada’s Clayton Valley and throughout South America.

LiTHIUM X has two strategically located assets:

1. Sal de Los Angeles, located in the “Lithium Triangle” in mining friendly Salta Province, Argentina covers 95% of Salar de Diablillos, a well known salar with positive historic economics, grade and size

2. The Largest land position in Clayton Valley, Nevada adjacent to and surrounding the only producing lithium operation in North America.

Management continues to actively pursue strategies to enhance its project portfolio.

5/21

6/21

“What if I Told You … Lithium is the New Gasoline”

7/21

GLOBAL SUPPLY

8/21

“Prices of lithium carbonate have jumped about 250 percent in China in the past year” [160,000 Yuan / ton or US$24,600]

9/21

INVESTOR DILEMMA?

Lithium is not commoditized. There is a lack of investment vehicles that give pure play exposure to the growth of the lithium market.

THE BIG THREE PRODUCERSThey are large cap, diversified chemical companies with only a small portion of revenue generated from lithium

$5.38BMarket Cap

15%Lithium Revenue / Revenue

$5.5BMarket Cap

12%Lithium Revenue / Revenue

$4.68BMarket Cap

7%Lithium Revenue / Revenue

*Lithium is Albemarle’s highest margin (41%), highest growth (2-3x GDP) business segment(Source: Albemarle Lithium Day)

10/21

MANAGEMENT HAS DONE IT BEFORE

Paul MatysekExecutive ChairmanCorporate entrepreneur, professional geochemist and geologist with over 30 years of experience in the mining industry. Has built three companies in the past decade and sold all three for aggregate proceeds of over $2.3 billion including Lithium One in 2012.

Brian Paes-BragaFounder & CEOSpent almost a decade in the international financial sector working with firms ranging in services from underwriting, mergers and acquisitions, asset management, venture capital and private equity.

Daniel KriznicCFOChartered Professional Accountant by trade who spent 10 years at Deloitte as a Senior Manager before joining and building Canada’s largest privately held education company to over $500 million in net asset value as Executive VP and CFO.

Will RandallVP Project Dev.Professional geologist and qualified person with extensive exploration and development experience in the lithium industry including drill campaigns in Nevada’s Clayton Valley and high-altitude salars in South America.

Fiore Advisory Corporate FinanceA corporate advisory company, lead by Gord Keep and Frank Giustra, responsible for equity financings, corporate structures in creation of new natural resource companies and public company administration

Salar de Diablillos

8,156 ha covering the nucleus of Salar de Diablillos and situated in mining friendly Salta Province• Access to trucking routes, fresh water, and

sufficient acreage on property for pond construction

Approximately C$16.2M invested in work on the property between 2010 to 2015:• Extensive drilling campaign

• 140 Auger holes, 23 Reverse Circulation, 7 Diamond drill holes, 16 Pumping & Monitoring wells

• Pre-production well & pump tests completed• 15% effective porosity and high transmissivity

confirmed• Gravity & seismic survey• Basin solute transport & production model

Next steps include an updated resource estimate to measured and indicated followed by a feasibility study

11/21

SAL DE LOS ANGELES

*Information from January 2011 Rodinia Lithium NI 43-101 completed by AMEC (see last slide for more information)

12/21

INFRASTRUCTURE WELL ESTABLISHED

Antofagasta port

Industrial Park with access to natural gas

and rail

Sal de los Angeles project

An Appreciable and High Grade Resource

• Historic NI 43-101 resource of 2.8 million tonnes lithium carbonate equivalent (LCE) & 11.3 million tonnes of potassium chloride (KCl)

• High grade brine of 592 mg/L Li average

• High grade core >640 mg/L

• Majority of resource in northern portion of salar

• High production capacity from wells

• Potential to expand resource by further drilling of northern claims

Resourceopen tothenorth

*Figures from January 2011 Rodinia Lithium NI 43-101 completed by AMEC Lithium X is treating this mineral resource as a historical. This historical estimate also uses descriptions such as "in-situ inferred resource" and "recoverable inferred resource" that are not recognized terms under the 2014 CIM Definition Standards on Mineral Resources and Mineral Reserves. A qualified person has not done sufficient work to classify this historical estimate as current mineral resources and the Company is not treating the historical estimate as a current mineral resource for the Sal de los Angeles Project. Lithium X will be completing an up-to-date mineral resource estimate and technical report done in accordance with current NI 43-101 and CIM standards within 180 days of this press release and will reflect or update the results reported in the PEA.

13/21

SAL DE LOS ANGELES

14/21

SAL DE LOS ANGELES

Production Case: 15,000 tpa LC 25,000 tpa LC

Estimated Capital Investment: US$144 million US$220 million

Estimated Operating Expenses:per tonne LCper tonne LC with co-product creditsper tonne KCl

US$1,519/t(US$703)/tUS$170/t

US$1,486/t(US$762)/tUS$160/t

Net Present Value (8%): US$561 million US$964 millionIRR: 34% 36%Annual Average Cash Flow: US$89 million US$150 millionProjected Payback (8%): 1.6 years 1.5 years

Estimated Mine Life: 20+ years 20+ years

*Table above from December 2011 Rodinia Lithium PEA completed by SRK ConsultingThe PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

Historic Positive Project Economics

Company Market Capitalization Flagship Asset Ownership Stage Production Potential

Orocobre $462.6 million Olaroz 66.5% Production P1: 17,500 tpaP2: 20,000 tpa (January 2016: 699 tons)

Galaxy Resources $246.6 million Sal de Vida 100% Feasibility Study 25,000 tpa

Western Lithium $115 million Cauchari -Olaroz

100% Feasibility Study 20,000 tpa

Lithium X Energy $37.2 million Sal De Los Angeles

Option to earn up to 80%

Preliminary EconomicAssessment

P1: 15,000 tpa*P2: 25,000 tpa*

15/21

COMPARABLES

LITHIUM PROJECTS IN ARGENTINA

*Numbers above based on December 2011 Rodinia Lithium PEA completed by SRK ConsultingThe PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

16/21

COMPARABLES

AREA MAP

Mining is concentrated primarily in three pro-mining provinces: Salta, San Juan & Santa Cruz

Federal tax incentives include: • (I) construction IVA re-imbursements, (II) accelerated depreciation of fixed assets (60/20/20),

(III) Fiscal Stability Certificate, (IV) repatriation of funds via loans and dividends

Effective floating of Argentine Peso • Argentine Peso has devalued by ~35% against the US Dollar since December following new

President Marci’s appointment, lowering US$ equivalent cost on AR$ operational denominated costs improving competitiveness for Argentina

Elimination of 5% export duty on lithium carbonate products

(2/24/2016) Major creditors near $5 billion deal with Argentina over defaulted bonds“Ending the litigation would be an historic step for Argentina”

17/21

ARGENTINA

Favorable Conditions and Improved Government Policy Changes in the past 10 years

>500,000employed in the mining industry

>10 MINESput into production

18/21

19/21

CLAYTON VALLEY

HISTORY

1967 2004

2014First lithium production began at Silver Peak in Clayton Valley Rockwood Holdings acquired

the property which has been producing for over 40 years

Rockwood Holdings was purchased by Albemarle Corporation for US$6.2 billion

Clayton Valley is known to contain at least 5 lithium-rich aquifers

Grades ranging from 180 to 420 ppm Li, and approximately 1:1 Mg:Li ratio LI

Host to the only producing lithium operation in North America, Albemarle’s Silver Peak

20/21

CLAYTON VALLEY

LiTHIUM X is advancing the largest land package in Clayton Valley covering approximately 15,020 acres

21/21

CAPITAL STRUCTURE

LIXticker

43.8Missued and outstanding

49.2Mfully diluted

$0.85price

0warrants

$4Mcash

$37.2Mmarket cap

3.6Moptions

25%insider ownership

*All numbers are approximate